Article 47. Suspension of investment projects
1. When suspending an investment project, the investor must notify the investment registration authority in writing If the project has to be suspended in a force majeure event, the State shall allow the investor to be exempt from paying land rents or reduce land levies for the suspension period with a view to remedy consequences caused by the force majeure event.
2. The investment authority shall decide to suspend an investment project in part or in full in the following cases:
a) To protect sites/monuments, relics, antiques or national treasures in accordance with the Law on Cultural Heritage;
b) To rectify a violation of the law on environmental protection at the request of the environment authority;
c) To take measures to ensure occupational safety at the request of the labor authority;
d) Pursuant to a judgment or decision of a court or an arbitral award;
dd) The investor fails to adhere to the written approval for investment guidelines or the investment registration certificate and recommits administrative violations after incurring penalties.
3. The Prime Minister shall decide to suspend a project in part or in full if the project execution is detrimental or potentially detrimental to national defense and security at the request of the Ministry of Planning and Investment.
4. The Government shall elaborate conditions, procedures and time limit for suspending investment projects in accordance with this Article.
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Golden Star is a professional consulting company specializes in providing accounting services, chief accountant services, tax procedure services, tax declaration services, tax consultancy services, tax agency services, tax refund services, services for representative office, company establishment services, company dissolution services in Vietnam, performing investment procedures for foreign investor in Vietnam, salary calculation services, payroll and labour services, law consultancy services, office leasing services, virual office services and other business advisory services.
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